\begin{table}[h] \centering
\newcolumntype{R}{>{\raggedleft\arraybackslash}X}
\newcolumntype{L}{>{\raggedright\arraybackslash}X}
\newcolumntype{C}{>{\centering\arraybackslash}X}

\caption{Placebo tests: Effects on the level of the outcome variables three years before the election}
\label{tab:placebo_baseline_level_year_m3}
\begin{tabularx}{\linewidth}{@{}lCCCCCCCC@{}}

\toprule
& (1) & (2) & (3) & (4) & (5) & (6) & (7) & (8) \tabularnewline 
{}&{\textbf{Econ. perf.}}&{GDP p.c. gr.}&{(Minus) Inflation}&{(Minus) Unemp.}&{Trade}&{\textbf{HDI}}&{\textbf{Democ.}}&{\textbf{General index}} \tabularnewline
\midrule \addlinespace[\belowrulesep]
El. turn.&--0.008&0.031&--0.123&0.144&--0.109&--0.199&0.036&--0.049 \tabularnewline
&(0.106)&(0.130)&(0.146)&(0.182)&(0.176)&(0.171)&(0.109)&(0.097) \tabularnewline
p-val&[0.881]&[0.752]&[0.440]&[0.407]&[0.607]&[0.327]&[0.574]&[0.766] \tabularnewline
\midrule N&2150&1969&1833&1236&1695&1215&2173&2339 \tabularnewline
N eff.&900&991&1105&546&718&604&857&1072 \tabularnewline
Band.&16.9&21.7&26.9&18.7&16.7&20.9&15.8&19.7 \tabularnewline
\bottomrule \addlinespace[\belowrulesep]

\end{tabularx}
\\ \parbox{\linewidth}{\footnotesize \emph{Notes}: This table reports estimates for equation (\ref{eq:baseline_rdd}), using as a dependent variable the value of the outcomes three years before the election.}
\end{table}
